74SW Technical Analysis - 74SOFTWARE SA

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to 74SW. In the last year, 74SW was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

100% of all other stocks performed better in the past year than 74SW.

74SW is part of the Software industry. There are 111 other stocks in this industry, of which 73% are performing better than 74SW.

74SW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Warning: 74SW has an average volume of 1975 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, 74SW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

34.84

40.41

We found 2 important support areas.

Support @36.76 from a trend line in the daily time frame.
A support zone ranging from 35.19 to 35.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 36.97 to 37.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @40.01 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 74SW.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 74SW.PA is down.
ChartMill Relative Strength	0	NEGATIVE	74SW.PA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of 74SW.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 74SW.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of 74SW.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	39.74	NEUTRAL	The RSI value for 74SW.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests 74SW.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	45.6	NEUTRAL	The Stochastics value for 74SW.PA is a neutral value.
Average True Range in percent/ATR (20)	1.54	LOW VOLATILITY	The low ATR as a percentage value for 74SW.PA suggests low volalility.
Average Directional Index/ADX (14)	40.24	POSITIVE	The high ADX value value for 74SW.PA suggests a strong trend.